ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
75. Resumption proposals
Edition: 2023-12-15 · In force
75. Resumption proposals
(1)If the trading of the listed securities of an issuer is suspended under regulation 73, the issuer shall—(a)submit to the Authority a resumption proposal with a view to resuming trading in the securities within twelve months after the date of suspension; and(b)implement the resumption proposals within three months from the date the Authority indicates that it has no objection to the resumption proposals.(2)If no resumption proposals have been submitted to the Authority to enable trading to resume within twelve months after the date of suspension, the securities exchange may delist the issuer upon approval by the Authority.(3)If the resumption proposals have not been implemented within the six months specified in subregulation (1)(b), the securities exchange may de list the issuer upon approval by the Authority.(4)This regulation shall not apply to suspension arising from regulation 73(2)(b).